Allwyn International reports 65 GGR growth for Q1

Allwyn International has published its first quarter financial results, noting a 65% year-on-year increase in consolidated gross gaming revenue (GGR)

Allwyn International has published its number 1 canton financial results, noting a 65% year-on-year step-up inward consolidated gross gaming revenue (GGR).

The group, formerly known as Sazka, has reported €869m ($912m) inward GGR for Q1, up from €526m and reflecting what it called a “more normalised operating(a) environment.”

The reopening of Allwyn’s retail business has doubtless contributed to stronger top-line growth. During Q1, Covid-related restrictions did impact sales inward some markets, including Greece, Cyprus, Austria and Italy.

However, Allwyn said their wallop was to “a lesser extent than restrictions inwards previous periods.” This is reflected inward the group’s boilersuit Q1 performance. While GGR grew past 65%, familiarised EBIDTA increased by 86% to nearly €269m.

Furthermore, Allwyn delivered this growth during a engaged three-month period. In January, Allwyn International’s parent accompany announced a proposed merger with Cohn Jerome Robbins Holdings Corp to list its shares on the New York Stock Exchange.

And inwards March, the radical was selected as the preferred applicant for the UK’s fourth National Lottery licence, though the incumbent licence holder, Camelot, is currently pursuing a effectual challenge.

“I am proud of(p) to story that Allwyn International has started the twelvemonth strong and delivered several important strategic initiatives and another place of whole results,” said Henry Martyn Robert Chvatal, Allwyn International CEO.

“The first of all canton of 2022 was an exciting time for us from a strategic gunpoint of view. We feature executed several initiatives that exercise set us upwardly considerably for future growth.”

Chvatal did proceed on to remark that “persisting inflationary pressures” had “weakened” general consumer demand, but said Allwyn has thusly far remained largely unaffected.

He remarked: “Our business sector has seen only a modified impact so far due to the low terms tip of our products and low average spend, as wellspring as our large list of regular players.”